09.12.04
Ultra Clean Holdings Revises Revenue Guidance
MENLO PARK, CA, September 12, 2004/PRNewswire-First Call — Ultra
Clean Holdings, Inc. (Nasdaq: UCTT - News),
a leading developer and supplier of critical subsystems for the semiconductor
capital equipment industry, focusing on gas delivery systems, today announced
that it has revised its revenue outlook for the third quarter ending
September 24, 2004. Ultra Clean expects third quarter revenue to
be approximately $45.0 - $46.5 million, or 15-17% lower than the second
quarter 2004 revenue of $54.5 million, resulting in earnings per share
of $0.08-$0.11.
The company attributed the revised revenue projection primarily to push
outs and cancellations of customer orders due to overall softness in
demand for semiconductor equipment expected in the second half of 2004. Ultra
Clean also expects gross margin to decrease primarily as a result of
reduced overhead absorption.
Ultra Clean will conduct a conference call on Monday, September 13,
2004, beginning at 5:00 a.m. PDT at 800/732-9509 (domestic) and 303/957-1354
(international). A replay of the webcast will be available for
seven days following the conference call at 800/633-8284 (domestic) and
402/977-9140 (international). Confirmation number for live broadcast
and replay is 21208108 (all callers). The conference call will
also be webcast
live on our website.
Ultra Clean Holdings, Inc. is a developer and supplier of critical subsystems
for the semiconductor capital equipment industry, focusing on gas delivery
systems. Ultra Clean offers its customers a complete outsourced
solution for gas delivery systems, improved design-to-delivery cycle
times, component neutral design and manufacturing and component testing
capabilities. Ultra Clean's customers are primarily original
equipment manufacturers of semiconductor capital equipment. The
Company is headquartered in Menlo Park, California. Additional
information is available at www.uct.com.
The foregoing information contains, or may be deemed to contain, "forward-looking
statements" (as defined in the U.S. Private Securities Litigation
Reform Act of 1995) which reflect our current views with respect to future
events and performance. We use words such as "believe," "likely," "position," and
similar expressions to identify these forward-looking statements. All
forward-looking statements address matters that involve risks and uncertainties.
Accordingly, you should not rely on forward-looking statements, as there
are or will be important factors that could cause our actual results,
as well as those of the markets we serve and operate in, levels of activity,
performance, achievements and prospects to differ materially from the
results predicted or implied by these forward-looking statements. These
risks, uncertainties and other factors include, among others, those identified
in "Risk Factors," "Management's Discussion and Analysis
of Financial Condition and Results of Operations" and elsewhere
in our S-1 registration statement and Form 10-Q filed with the Securities
and Exchange Commission. Ultra Clean Holdings, Inc. undertakes no obligation
to publicly update or review any forward-looking statements, whether
as a result of new information, future developments or otherwise.
